Icahn sold part of his stake in Netflix, making nearly $800 million in profit.
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Billionaire hedge fund manager Carl Icahn sold off part of his stake in Netflix today, capping off a huge run in Netflix's stock in the past two years and sending the stock down about 10% today.
Icahn disclosed he had purchased about a 10% stake in the company in November last year when the stock was trading at around $60. Since then, the stock has risen more than 400% and is now trading at over $300.
